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RE: ICO (Ripple) Case Study – Understanding What, Who, Why, When, and How - Part 1 (What)
Some great points @charles92! I think you highlight some of the issues that exist with Ripple. The conflict of interest is a huge glaring one. Not sure how one can really get over the fact that they can issue new XRP whenever they want to. But it would be to their detriment as it will dilute their value. The fall out from the founders aside, which I think is valid enough to avoid investing but I think XRP does offer some glimpse into a new world of cross border transactions. I would be comfortable investing (a small portion) into the fact that the company could offer a compelling new way of transacting. Part of my rationale (and I admit is not a good one) is FOMO. But that's my two cents.
You make a good point too @epan35, if anything goes wrong, it will be to their detriment and such bad reputation is not good for business, i can also see the broad prospects of the coin, so i can fully concur with your rationale being FOMO
i know there is nothing without risks in business, i hope this pays out well for you
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